Strategic Advisors LLC grew its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 1.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 35,877 shares of the exchange traded fund’s stock after acquiring an additional 566 shares during the period. Invesco QQQ Trust accounts for 2.5% of Strategic Advisors LLC’s holdings, making the stock its 8th biggest position. Strategic Advisors LLC’s holdings in Invesco QQQ Trust were worth $6,158,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of QQQ. Signature Estate & Investment Advisors LLC bought a new stake in Invesco QQQ Trust in the second quarter worth $104,000. Bray Capital Advisors bought a new stake in Invesco QQQ Trust in the first quarter worth $107,000. MinichMacGregor Wealth Management LLC bought a new stake in Invesco QQQ Trust in the second quarter worth $143,000. Fieldpoint Private Securities LLC boosted its holdings in Invesco QQQ Trust by 125.0% in the first quarter. Fieldpoint Private Securities LLC now owns 900 shares of the exchange traded fund’s stock worth $144,000 after purchasing an additional 500 shares in the last quarter. Finally, Motco bought a new stake in Invesco QQQ Trust in the first quarter worth $144,000. Institutional investors and hedge funds own 41.79% of the company’s stock.
NASDAQ:QQQ traded down $2.44 during trading hours on Monday, reaching $175.18. The company’s stock had a trading volume of 7,207,463 shares, compared to its average volume of 30,077,712. Invesco QQQ Trust has a one year low of $140.18 and a one year high of $182.93.
About Invesco QQQ Trust
PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.
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